Stocks

Dollar gains as oil declines before decision on Iran deal

Bloomberg The dollar rallied while oil dropped as traders braced themselves for President Donald Trump’s decision on the Iran nuclear deal. Stocks were little changed in the US and Europe. The greenback strengthened for a third session as Federal Reserve Chairman Jerome Powell stuck with a message of gradual tightening. Italian shares tumbled on the prospect for fresh elections that ...

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Jakarta gets caught in crosshairs of emerging market selloff

Bloomberg Indonesia’s market rout shows no signs of abating, with its two-year bonds the latest to be dumped in anticipation that the central bank may need to raise rates to defend its currency. The yield on the two-year debt soared 34 basis points to a 10-month high of 6.73 percent as the currency weakened past the psychological 14,000 level. The ...

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Stocks gain as oil rises past $70 a barrel; dollar hits strongest level

Bloomberg US stocks extended gains following a rally in Europe and the dollar resumed its winning ways to reach the strongest level this year. Oil rose past $70 a barrel as traders braced for renewed US sanctions on Iran. The S&P 500 advanced for a second day, led by energy and tech stocks. The Stoxx Europe 600 Index climbed, though ...

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1,800% share jump sets Danish firm Ambu up for benchmark status

Bloomberg The best performer in the Stoxx Europe 600 index over the past five years just added to its remarkable share run with the biggest intra-day jump since 2000. Ambu A/S rose 18 percent at one point on Monday. The Danish medical-equipment maker had a “phenomenal” earnings report and could be set for more gains as trading volume makes it ...

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Good-as-it-gets bear case on stocks keeps drowning out earnings

Bloomberg It’s not what have you done for me lately. For companies in the S&P 500 Index, it’s what will you do for me next. And that’s proving a thorny question for US equity bulls. Another week of stellar earnings reports has gone by without any payoff in stocks. Even Friday’s rally, the biggest in almost a month, couldn’t turn ...

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Pound may regain lost ground if BOE decides on ‘hawkish hold’

Bloomberg Once again, the pound’s fortunes lie with the Bank of England. Traders will scrutinise the central bank’s policy decision on Thursday for any signs that an interest-rate hike this year is still in the cards. A lot of bad news has already been baked into the UK currency and a “relatively hawkish hold” from the BOE could push it ...

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US stocks drift lower before Fed; dollar recovers losses

Bloomberg US equities drifted lower as investors digested earnings reports and shifted focus to the Federal Reserve’s imminent rate decision. The dollar recovered from earlier losses to surge for a third straight session, while Treasuries were little changed. The S&P 500 Index declined in Wednesday trading, with healthcare and financial stocks among the laggards. Tech shares moved higher on the ...

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Singapore just edged out Vietnam as Asia’s top stock market

Bloomberg There’s been lots of competition for the title of Asia’s best-performing stock market this year. Among the major equity indexes in the region, eight have climbed to records in the first four months alone. On Wednesday, Singapore’s Straits Times Index nudged higher, boosting this year’s gain to 6.2 percent in local currency terms, and took the top spot from ...

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US stocks start may lower, with eyes on Apple; dollar rallies

Bloomberg US stocks opened lower on Tuesday, when much attention will be focused on Apple Inc.’s earnings report after the close. The dollar extended its rally, while UK equities climbed during a lackluster session in which many major markets were closed. The S&P 500 Index fell in morning trading, with industrial and energy stocks leading a broad-based, if shallow, decline ...

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Plus500 hits record on crypto trades as Barclays mulls entry

Bloomberg Plus500 Ltd., the brokerage for complex derivatives sold to retail investors, soared to the highest on record as demand for cryptocurrencies swelled, while British lender Barclays Plc signalled it may begin to trade in similar products. Shares in Plus500 surged to the highest level since the Haifa-based firm first sold shares to the public in 2013, as revenue more ...

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